GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
05:14 Jun 13, 2013 |
English to Serbo-Croat translations [PRO] Bus/Financial - Business/Commerce (general) / Insolvency | |||||
---|---|---|---|---|---|
|
| ||||
| Selected response from: Daryo United Kingdom Local time: 07:51 | ||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
5 | zaloga na pokretnim stvarima |
| ||
4 -1 | Vrijednosni papiri sa promjenjivom kamatnom stopom |
|
Vrijednosni papiri sa promjenjivom kamatnom stopom Explanation: Ili možda samo: fluktuirajući vrijednosni papiri floating security Definitions 1. A security which is bought and held in street name with the expectation that it will be quickly resold at a profit. 2. Any part of a new issue which is unsold. 3. Bonds or preferred stocks which pay an interest rate that fluctuates according to a formula or in step with the market interest rate. also called floating rate securities, floaters. Reference: http://www.investorwords.com/2020/floating_security.html |
| |
Login to enter a peer comment (or grade) |
floating security (as backing for loans) zaloga na pokretnim stvarima Explanation: ili preciznije rečeno u ovom slučaju, s obzirom da je pitanju spisak dugova nelikvidnog preduzeća: potraživanja garantovana zalogom na pokretnim stvarima "There are four main approaches in the international practice in this respect: (i) labor creditors have complete superiority over secured creditors; (ii) labor creditors are superior to guaranteed creditors but with certain restrictions (in terms of time and amount); (iii) labor creditors come between dead securities and floating security; (iv) labor creditors do not enjoy any priority" also: Bus/Financial - Business/Commerce (general) / Insolvency This list is showing that "floating security" is about money owed by the insolvent company, the repayment of which is guaranteed by a "floating security" also known as a "floating charge": "Floating charge A floating charge is a security interest over a fund of changing assets of a company or a limited liability partnership (LLP), which 'floats' or 'hovers' until the point at which it is converted into a fixed charge, at which point the charge attaches to specific assets of the company or LLP. This conversion into a fixed charge (called "crystallisation") can be triggered by a number of events; inter alia, it has become an implied term (under English law) in debentures that a cessation of the company's right to deal with the assets in the ordinary course of business leads to automatic crystallisation. Additionally, according to express terms of a typical loan agreement, default by the chargor is a trigger for crystallisation. Such defaults typically include non-payment, invalidity of any of the lending or security documents or the launch of insolvency proceedings." [http://en.wikipedia.org/wiki/Floating_charge] "Security interest A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt. It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets. Such rights vary according to the type of security interest, but in most cases, a holder of the security interest is entitled to seize, and usually sell, the property to discharge the debt that the security interest secures. ..." [http://en.wikipedia.org/wiki/Security_interest] "Loan stock and debentures will often be secured. Security may take the form of either a fixed charge or a floating charge. Security have an asset of some kind backing it. A car loan, for example, is a secured loan because of the value of the car. ..." [http://www.slideshare.net/wongo78/strenghts-and-weaknesses-o...] zaloga na pokretnim stvarima [http://www.konsalting.rs/dload/apr/zakoni/Zakon o zaloznom p...] |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.